NPA

Management of NPA: Who is Responsible for Account Becoming NPA?

Fema / RBI - Recently I have undertaken an assignment of dealing with the legal proceedings initiated by three nationalized banks under SARFAESI Act of a Corporate Company who are service providers to infrastructure projects initiated by the State Governments and Central Government and some of them are being financed by World Bank and Asian Developmen...

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Action Plan for NPA Ordinance – Sequel 2

Fema / RBI - Complementing the Ordinance on Non-Performing Assets (NPA) which originally brought a whole new breeze in the resolution space in India, RBI has come up with a press release as a further to the first step in crystallizing the concept as laid down in the Ordinance. RBI has brought a lot of changes for the purpose of implementation of the ...

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Stressed assets in banks: Banking Regulation (Amendment) Ordinance, 2017

Fema / RBI - This is a water shed moment in Indian banking when not a day passes without mentioning of how a few borrowers took the banks to unknown territory on non-recovery, reluctance on part of banking executives, particularly in nationalized banks, not to extend financing activities due to excessive zeal shown by parliament, central vigilance off...

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Management of non-performing asset (NPA) Perpetual self renewal programming (PSRP)

Fema / RBI - Various recommendations have been made by various study groups appointed by Government of India and RBI to arrest the incidents of accounts becoming NPA and circulars are being issued by RBI from time to time giving directions and guidance to banks and financial institutions on the steps to be taken to prevent slippage of NPA. ...

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Management of Non Performing Asset (NPA) The Wilful Defaulter Syndrome

Fema / RBI - Reserve Bank of India introduced the scheme of wilful defaulter in pursuant of the instructions of Central Vigilance Commission during the year 1999 and subsequently modified as per the recommendations of the Working Group constituted by RBI in consultation with the Government in the year 2002....

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Have new NPA norms for Wholesale Long Term Finance Bank: ASSOCHAM to RBI

Fema / RBI - ASSOCHAM has approached the RBI with a plea that the provisioning criteria for the non-performing assets (NPAs) in the case of proposed Wholesale Long- Term Finance (WLTF) banks should be based on stress tests of each of the funded projects, unlike the present standard provisioning norms due to a different nature of the long term, big tic...

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Law on NPAs to define way forward in tackling mounting bad loans

Fema / RBI - Though both the Reserve Bank of India (RBI) and the Government have been working to tackle the problem of mounting bad loans, the ordinance on non-performing assets (NPAs) approved by President Pranab Mukherjee will define the way forward in this regard, a top RBI official said at an ASSOCHAM event held in Mumbai today....

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NPAs slowed down in Q4 of Current Financial Year: FM

Fema / RBI - FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs;...

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Public Sector Banks NPA as on 30.09.2016 jumps to 630323 crore

Fema / RBI - Total Advances and Gross Non-Performing Assets (GNPA) including the Number of accounts and Amount Involved of Public Sector Banks (PSBs) as on September 30, 2016 are as under....

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Out of big loans 3.89 Lakh Crore is NPA as on 30.06.2016

Fema / RBI - Out of loan to industrialists against whom a debt exceeding Rs.50 crore remains pending & Standing as NPA on 30.06.2016 is Rs. 3,88,919 Crores in 2071 Accounts....

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Provisions for NPA as per RBI Norms by NBFCs not deductible

M/s. Southern Technologies Ltd. Vs Joint Commissioner of Income Tax (Supreme Court of India) - The assessee, a NBFC, made a ‘Provision for NPA’ in terms of the RBI Directions 1998. It claimed a deduction for the said provision u/s 36 (1)(vii) on the ground that as it was debited to the P&L Account and reduced the profits, it was a ‘write off’. In the alternative, it was claimed that t...

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Chargeability of interest income to tax when same is only technically accrued

Brahamputra Capital & Financial Services Ltd. Vs ITO (ITAT Delhi) - 8. We have carefully deliberated on the rival contentions raised by the learned AR and DR. The controversy here revolves around chargeability of interest income to the tax which even though technically accrued as per the mercantile-system of accounting being followed by the assessee, but the same wa...

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President assents Banking Regulation (Amendment) Ordinance, 2017 on NPA

No. 1 of 2017 - (04/05/2017) - Banking Regulation (Amendment) Ordinance, 2017 enables the Union Government to authorize RBI to direct banking companies to resolve specific stressed assets (NPA)...

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Section 23 of the Banking Regulation Act, 1949- Relaxations in Branch Licensing Policy

RBI/2010-11/283 RPCD.CO.RRB.BC No. 28/ 03.05.90-A/2010-11 - (18/11/2010) - Accordingly, Reserve Bank of India hereby permits Regional Rural Banks to open branches in Tier 3 to Tier 6 centres (with population up to 49,999 as per Census 2001 – details of classification of centres tier-wise furnished in Annex II) without having the need to take permission from Reserve Bank...

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Recent Posts in "NPA"

Management of NPA: Who is Responsible for Account Becoming NPA?

Recently I have undertaken an assignment of dealing with the legal proceedings initiated by three nationalized banks under SARFAESI Act of a Corporate Company who are service providers to infrastructure projects initiated by the State Governments and Central Government and some of them are being financed by World Bank and Asian Developmen...

Read More
Posted Under: Fema / RBI |

Action Plan for NPA Ordinance – Sequel 2

Complementing the Ordinance on Non-Performing Assets (NPA) which originally brought a whole new breeze in the resolution space in India, RBI has come up with a press release as a further to the first step in crystallizing the concept as laid down in the Ordinance. RBI has brought a lot of changes for the purpose of implementation of the ...

Read More
Posted Under: Fema / RBI |

Have new NPA norms for Wholesale Long Term Finance Bank: ASSOCHAM to RBI

ASSOCHAM has approached the RBI with a plea that the provisioning criteria for the non-performing assets (NPAs) in the case of proposed Wholesale Long- Term Finance (WLTF) banks should be based on stress tests of each of the funded projects, unlike the present standard provisioning norms due to a different nature of the long term, big tic...

Read More
Posted Under: Fema / RBI |

Stressed assets in banks: Banking Regulation (Amendment) Ordinance, 2017

This is a water shed moment in Indian banking when not a day passes without mentioning of how a few borrowers took the banks to unknown territory on non-recovery, reluctance on part of banking executives, particularly in nationalized banks, not to extend financing activities due to excessive zeal shown by parliament, central vigilance off...

Read More
Posted Under: Fema / RBI |

Law on NPAs to define way forward in tackling mounting bad loans

Though both the Reserve Bank of India (RBI) and the Government have been working to tackle the problem of mounting bad loans, the ordinance on non-performing assets (NPAs) approved by President Pranab Mukherjee will define the way forward in this regard, a top RBI official said at an ASSOCHAM event held in Mumbai today....

Read More
Posted Under: Fema / RBI |

President assents Banking Regulation (Amendment) Ordinance, 2017 on NPA

No. 1 of 2017 (04/05/2017)

Banking Regulation (Amendment) Ordinance, 2017 enables the Union Government to authorize RBI to direct banking companies to resolve specific stressed assets (NPA)...

Read More

Management of non-performing asset (NPA) Perpetual self renewal programming (PSRP)

Various recommendations have been made by various study groups appointed by Government of India and RBI to arrest the incidents of accounts becoming NPA and circulars are being issued by RBI from time to time giving directions and guidance to banks and financial institutions on the steps to be taken to prevent slippage of NPA. ...

Read More
Posted Under: Fema / RBI |

NPAs slowed down in Q4 of Current Financial Year: FM

FM: Rate of increase of Non Performing Assets (NPAs) has slowed down in the last Quarter of the Current Financial Year; Government is taking sector specific measures to deal with the problem of NPAs;...

Read More
Posted Under: Fema / RBI |

Management of Non Performing Asset (NPA) The Wilful Defaulter Syndrome

Reserve Bank of India introduced the scheme of wilful defaulter in pursuant of the instructions of Central Vigilance Commission during the year 1999 and subsequently modified as per the recommendations of the Working Group constituted by RBI in consultation with the Government in the year 2002....

Read More
Posted Under: Fema / RBI |

Management of Non Performing Asset (NPA) Importance of Training

The advent of banking reforms in India has brought the concept of NPA (Non Performing Asset) which has changed drastically the perception and approach of the bank and the customer when dealing with loans financed by the bank....

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Posted Under: Fema / RBI |
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